Life before Debt – no payment to bondholders while our people go hungry.

Vote No to the bankers treaty.

Campaigners for a No vote today protested against the payment of €2.25 in bonds by state-owned AIB, saying the Treaty would institutionalise this anti-social policy.

Brendan Young said:

“AIB has had a €20 billion bailout from the Irish state and is effectively 98% state owned. AIB will today pay out €2.25 billion in a bond payment. Speculators were buying AIB bonds for 52 cents last November – so these anonymous bondholders will make a huge profit when they’re paid in full today.

Meanwhile, St. Vincent de Paul report that 20,000 people called them for help getting food last year. Why is this government letting bondholders be paid by a bank that it owns, while our people go hungry, lie waiting on hospital trolleys and languish on the dole? Read the rest of this entry »